The bill: 
Adds recklessly as a culpable mental state for certainviolations of the Colorado Consumer Protection Act(Act) so that a person violates certain provisions of the Actby acting knowingly or recklessly;

Increases the potential penalty for a violation of the Actbrought by the attorney general or a district attorney from$2,000 to $20,000 per violation and from $10,000 to$50,000 per violation committed against an elderly person;

Specifies the calculation of potential damage awards in aprivate civil action for violations of the Act; and

Specifies certain terms that are prohibited in standard formcontracts.